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Daily (05.01.2017): German spot electricity contract surges 85% on cold snap, decrease in wind supply
Crude oil prices rebounded about 2 percent on Wednesday on expectations that U.S. crude stockpiles will decline and on signs that the world's top oil exporters will cut the output as agreed, move that took effect this week. Global benchmark Brent crude futures boosted 99 cents, or 1.8 percent, to close at $56.46 a barrel. U.S. West Texas Intermediate crude futures rose by 93 cents to settle at $53.26 a barrel, also a 1.8 percent gain.
read more... 05/01/2017
Daily (03.01.2017): Brent posts a 52% annual increase
Crude oil prices ended with modest losses in the final trading session of 2016 on Friday, but posted the largest annual gain since 2009 after the landmark deal reached by OPEC and several non-OPEC members to slash output.
read more... 03/01/2017
Daily (29.12.2016): Crude oil prices close to their highest levels since mid-2015
Crude oil prices rebounded for a fourth consecutive day on Wednesday, close to their highest levels since mid-2015, ahead of the publication of U.S. oil stockpiles figures and as the market awaits evidence of OPEC supply cuts in the new year. U.S. WTI crude oil futures rose by 16 cents to close at $54.06 a barrel, not far from the year's high of $54.51 hit on December 12. Brent crude futures gained 13 cents to close at $56.22 a barrel. The international benchmark reached $57.89 on December 12, its highest since level July 2015.
read more... 29/12/2016
Daily (26.12.2016): U.S. WTI crude hits the highest level in 17 months
Crude oil prices were little changed on Friday in a calm trade ahead of the Christmas and New Year holiday week. However, the crude oil contracts posted small gains, as the market strived to observe how OPEC manages its planned output cuts with Libya expecting to boost production. Brent futures rose by 11 cents, or 0.2 percent, to settle at $55.16 a barrel, while U.S. West Texas Intermediate (WTI) crude added seven cents, or 0.1 percent, to end at $53.02, its highest close since July 2015.
read more... 26/12/2016
Daily (23.12.2016): British gas prices climb on weaker pound against the euro
Crude oil prices boosted in a quiet trading on Thursday, buoyed by upbeat U.S. economic data and optimism that crude producers would agree to curb output. U.S. West Texas Intermediate crude rose by 46 cents, or 0.9 percent, to settle at $52.95 a barrel. Brent futures for February delivery increased by 59 cents or 1.1 percent to $55. 05.
read more... 23/12/2016